Skip to main content

Category Archives: Communities

Aventura Condo Real Estate Update

2009 Aventura Florida Condo Re-sales

As the first month of the year comes to a close I thought we would look at the Aventura condo closed re-sales so far this year.  As of right now there have been a total of 35 condo re-sales in Aventura.  Out of these 70% of the condo re-sales have been under $300,000.  Below is a list of the condo re-sales over $300,000 so far this year.

  • Bellamare @ Williams Island condo unit#808 4BR, 4.5BA sold for $1,325,000
  • The Peninsula condo unit #1104 2BR, 2.5BA sold for $720,000
  • One Island Place condo unit #1201 2BR, 3BA sold for $684,000
  • Hidden Bay condo unit #2015 3BR, 2.5BA sold for $490,000
  • The Point North Tower condo unit# 1810 3BR, 2BA sold for $460,000
  • Aventura Marina condo unit #1717 2BR, 2BA sold for $399,900
  • Hamptons West condo unit#2111 2BR, 2BA sold for $395,000
  • Turnberry Village condo unit#601 2BR, 2BA sold for $375,000
  • The Parc Turnberry Isle condo unit#1432 2BR, 3BA sold for $350,000
  • Williams Island 4000 Bldg. condo unit#804 2BR, 2BA sold for $325,000

Search for active condo listings in Aventura

Hidden Bay Condo Aventura Florida Market Update

There are 3 towers that make up Hidden Bay in Aventura Florida.  There are currently a total of 58 units on the market ranging in price from $179,000 for a 1 bedroom/1 bath to $2,100,000 for a two-story 3 bedroom/3 Bath tower suite.

In the past 90 days there have been 3 closed sales a 2 bedroom/2.5 bath for $420,000 a 3 bedroom/2.5 bath for $420,000 and a 4 bedroom/4.5 bath for $850,000.

Hidden Bay offers a 66-slip private marina, tennis courts, golf course, clubhouse and fitness center and overlooks the ocean and intracoastal waterway and is located in Aventura Bay (Dumfoundling bay).

Hidden Bay is just minutes from my office in Aventura and next to 12-Acre Founders Park and two minutes to Aventura Mall.

See Properties For Sale In Hidden Bay

Please visit Aventura Real Estate for additional information.

Where Do Buyers For Golden Isles Hallandale Florida Come From?

Where Did The Buyers Come From??

France

Slovenia

U.S. (Miami)

U.S. (New Jersey)

Canada

Golden Isles Year In Review

Golden Isles is a gated waterfront single family home community with approximately 307 homes.  In 2008 there were a total of 10 sales in Golden Isles.  The lowest sales price was $500,000 and the highest sales price was $1,649,000.  I am very active in this community and sold 50% or 5 of the sales in this community in 2008 including the 2 sales mentioned above.  Clients often ask me “Where will the buyer for my house come from”? and although I don’t have a crystal ball, I do know where 50% of the buyers for this Golden Isles Waterfront community came from and even though this community is a small part of South Florida it is still a good representation of how international South Florida truly is.

Golden Isles Active Listings

Active Listings: 31

Highest Priced Listing: $4,999,000

Lowest Priced Listing:  $769,900

Porto-Vita Aventura Florida

Porto-Vita is an exclusive community located on the Intracoastal waterway and across from The Fairmont Turnberry Isle Resort & Club in Aventura Florida and is considered one of the elite (higher end) developments in South Florida. Porto-Vita offers two condo towers, mid-rise condos, as well as townhomes directly on the Intracoastal waterway. Porto Vita is a Lifestyle with the most ultimate amenities including The Villa Grande Club and a 21 slip private marina. Location is everything, between both infrastructures of Miami-Dade and Fort Lauderdale Florida and minutes from shopping at “The Aventura Mall”, “The Shops of Bal Harbour” and South Beach.

Current Market Data:

Active Condo Listings: 21 (List Price Range from $1,149,000 to $6,000,000)

Active Townhome Listings: 1 (List Price $2,495,000)

There have been 3 closed sales in the past 12 months at Porto-Vita and the highest price was a condo which sold for $3,600,000 in January 2008.

Changes to Insurance Regulations Impact South Florida Condo Owners

The regulation (Fla. Stat. §718.111 (2008)), effective January 1, 2009, will require Florida condominium owners and their insurers to specifically name their condominium association as an additional named insured. In addition, the minimum amount of loss assessment coverage carriers must provide has been increased from $1,000 to $2,000.

Some of the major implications on South Florida condominium ownership include:

  • Condominium associations may require each unit owner to provide evidence of a hazard and liability insurance.
  • Effective January 1, 2009, unit owner policies must include loss assessment coverage of at least $2,000 per occurrence.
  • Effective January 1, 2009, condominium associations must be listed as a loss payee (additional interest) on all unit owner policies issued. The actual wording includes reference to additional named insured and this wording is up for review in the next legislative session.

Questions About these Changes in the Insurance Regulations?

If you currently own a condo in Aventura, Hallandale, Hollywood, Golden Beach or any other community in South Florida, these changes will impact you. If you have questions about these changes you may leave a question/comment here or email us at JHolz@atlassinsurance.com or scott@scottpatterson.com.

Guest post written by Janise Holz

Janise L. Holz
Atlass Insurance Group
1300 SE 17th Street
Suite 220
Ft. Lauderdale, FL 33316
Direct: (954)653-2834
Fax: (954)525-0588
Email: JHolz@atlassinsurance.com
Web: www.atlassinsurance.com

Hollywood Lakes Florida Largest Estate

Hollywood Lakes largest estate was built in 2001 and is located on Northlake at 900 S. Northlake Drive.  The lot is over 1 Acre, around 48,000 sq.ft. making it one of the largest lots on either lake and the home is approximately 15,000 sq.ft. with 9 Bedrooms, 9 Baths, 4 half baths and a separate 1,800 sq.ft. guest house.  The corner lot offers open water views along the 450ft. of seawall.

The home is currently listed for $14,900,000.00

Southlake & Northlake

Hollywood Lakes is a waterfront community centrally located minutes to Hollywood Beach Florida, Hollywood/Ft. Lauderdale Airport and many local attractions.

Scott Patterson

Subscribe to my Real Estate Blog

Marketing Hollywood Florida Real Estate with High-Tech Tools

In today’s competitive Hollywood, Florida real estate market, home sellers deserve the absolute best in terms of property visibility. You really do deserve the most sophisticated marketing plan for your South Florida property. And sophisticated South Florida buyers are targeting Golden Beach, Hallandale, Aventura and Hollywood luxury neighborhoods with pinpoint accuracy. How is this possible?

National Websites & Smart Phone Tools for South Florida Home Buyers

While it’s important for a South Florida real estate agent to provide typical neighborhood information like area maps, easy to use South Florida MLS property search tool, offer neighborhood information and hyper-local market stats on their personal websites, tech-savvy buyers are using even more creative resources to access South Florida neighborhood listings. In addition to my personal South Florida real estate website at BuySouthFlorida.com, a few of the creative ways I make sure your listing is exposed to the masses includes the use of high-traffic national websites, smart phone applications and of course, this South Florida real estate blog.

Creative Hollywood, Hallandale, Aventura, and Golden Beach Property Marketing Strategies

Below are a few strategies and tools used to market your Hollywood, Aventura, Golden Isles or Golden Beach property.

What Do You Expect?

What other creative marketing tools and strategies would you expect to see take place if you were to place your South Florida home on the market?

Aventura Lakes Real Estate Market Statistics

Aventura Lakes

Aventura Lakes Year to Date Real Estate Statistics

Number of current Active Listings: 17
Highest Priced Listing: $1,650,000 (4 Bedroom • 4 Bath, Approx. 2,910 sq.ft.)
Lowest Priced Listing: $499,000 Short Sale (4 Bedroom • 3 ½ Bath, Approx. 2,360 sq.ft.)
Number of Sales this year:
10
Pending Sales: 1
Highest Sales Price YTD: $873,000 (4 Bedroom • 4 ½ Bath, Approx. 3,320 sq.ft.)
Lowest Sales Price YTD:
$550,000 (4 Bedroom • 3 Bath, Approx. 2,432 sq.ft.)

Scott Patterson

Aventura Real Estate

*Information obtained from the Southeast Florida Multiple Listing Service

Harbor Islands Hollywood Florida Real Estate Market Statistics

Harbor Islands Hollywood Florida YTD Statistics:

Harbor Islands Single Family Home Market Statistics:

Number of current Active Listings: 26
Highest Priced Listing: $3,275,000 (Waterfront, 5 Bedroom • 7 ½ Bath, Approx. 7,219 sq.ft.
Lowest Priced Listing: $499,000 (Non-Waterfront, 3 Bedroom • 2 Bath, Approx. 1,592 sq.ft.
Number of Sales this year:
8
Pending Sales: None
Highest Sales Price YTD: $3,200,000 (Waterfront, 7 Bedroom • 6 ½ Bath, Approx. 5,721 sq.ft.
Lowest Sales Price YTD:
$440,000 (Non-Waterfront, 3 Bedroom • 2 Bath, Approx. 2,289 sq.ft.

Harbor Islands Townhouse Market Statistics:

Number of current Active Listings: 9
Highest Priced Listing: $1,099,900 (Waterfront, 3 Bedroom • 2 ½ Bath, Approx. 3,356 sq.ft.)
Lowest Priced Listing: $551,000 (Non-Waterfront, 4 Bedroom • 2 Bath, Approx. 2,402 sq.ft.)
Number of Sales this year: 5

Pending Sales: None
Highest Sales Price YTD: $815,000 (Waterfront, 2 Bedroom • 2 ½ Bath, Approx. 1,937 sq.ft.
Lowest Sales Price YTD: $448,000 (Non-Waterfront, 3 Bedroom • 2 Bath, Approx. 3,126 sq.ft.

To receive periodic information regarding the Harbor Islands Hollywood Florida community subscribe to my blog.

Scott Patterson
Phone: 954.661.8871

*Information obtained from the Southeast Florida MLS and Broward County Tax Records